Treasury Secretary Lew praises Argentina for its reintegration to the global economy


United States Treasury Secretary Jacob J. Lew celebrated Argentina's return to international markets and reintegration to the global economy, following the final settlement with holdout creditors, which it described as a major milestone not only for Argentina but for the global financial system.

In a Friday release Secretary Lew also underlines that the Treasury has worked with the international community to develop enhanced collective action clauses for a more consensual orderly market based approach to future sovereign debt restructuring.

Follows the official release:

Argentina’s successful bond issuance and final settlement of the vast majority of the claims of its holdout creditors is a testament to the sea change in policy under President Macri and, as President Obama noted in Buenos Aires, the product of Argentina’s new direction and the willingness of different political parties to work together.

By taking decisive action to resolve a long-standing dispute, Argentina is turning a page on a difficult period of its history. Throughout my consultations with Finance Minister Prat-Gay, I have reiterated our admiration for the speed at which Argentina is moving to create more sustainable and inclusive economic growth, and to reconnect with the global economy and the world community.

Argentina’s return to international capital markets and reintegration with the global economy represent a major milestone not only for Argentina but for the entire global financial system.

It also is important to highlight the recent efforts that Treasury has led to improve the sovereign debt restructuring process. Treasury staff has worked closely with the international community to develop enhanced collective action clauses that should facilitate a more consensual, orderly, and market-based approach to any future sovereign debt restructurings. We are pleased that many countries, including Argentina, have adopted the new model clauses. We encourage other nations to follow suit.


  • VII Concurso Internacional de Vinhos do Brasil (Wine)
  • New York Times 36 Hours in Buenos Aires
  • Alternative Latin Investor
  • Artful Living (Mansion)
  • Avid Magazine (AWE)
  • BlackBook Mag (Mansion)
  • CNN (AWE)
  • Conde Nast Traveler (Mansion)
  • Delta Sky Magazine (Mansion)
  • Departures (AWE)
  • Elite Traveler (Mansion)
  • Finger Lakes International Wine Competition (Wine)
  • Fodor's Choice 2013 (Mansion)
  • Fodor's Choice 2013 (Wine Estates)
  • Fodors (AWE)
  • Forbes Life (Mansion)
  • Frommer's Best Vineyards & Hotels Around the World
  • Andrew Harper’s Grand Awards 2013
  • International Wine Challenge U.K.
  • 2013 International Wine & Spirit Competition (Wine)
  • Kiwi Collection (Mansion)
  • Kiwi (AWE)
  • National Geographic Traveller 2012
  • Order Wine Direct (Wine)
  • Robb Report Exceptional Places 2012
  • Tablet Hotels (Mansion)
  • Telegraph (AWE)
  • Mediterranean International Wine & Spirits Challenge (Wine)
  • Travel+Leisure
  • Trip Advisor Top 25 Hotels for Romance Argentina
  • Unique Homes (AWE)
  • USA Today (Mansion)
  • 2013 Vinalies Internationales Paris d'or (Wine)
  • Vinandino 2013 (Wine)
  • VINUS 2014 (wine)
  • WAWWJ 2014 (Wine)
  • Wine Enthusiast (AWE)